Apartments in downtown San Diego. Photo by Chris Stone When we talk about inflation, our minds default to a quart of milk, a loaf of bread, or a gallon of oil. So would you be surprised to learn that 60% of core inflation is housing? In fact, our post-COVID inflation surge was turbo-charged by the increased cost of housing. This hits lower- and working-class people the hardest because more of their income goes to housing, and they have so much less disposable income in the first place. If you are on a limited income and the increase in your Social Security was 5%, but your rent increase is 10%, where will that money come from? For tens of millions of Americans, it will come from
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